Profund Advisors LLC Acquires 6,024 Shares of Honeywell International Inc. $HON

Profund Advisors LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,074 shares of the conglomerate’s stock after purchasing an additional 6,024 shares during the period. Profund Advisors LLC’s holdings in Honeywell International were worth $13,757,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. Alps Advisors Inc. increased its position in shares of Honeywell International by 1.0% during the first quarter. Alps Advisors Inc. now owns 25,935 shares of the conglomerate’s stock worth $5,492,000 after buying an additional 269 shares during the period. MJP Associates Inc. ADV raised its stake in Honeywell International by 30.1% during the first quarter. MJP Associates Inc. ADV now owns 1,302 shares of the conglomerate’s stock worth $276,000 after buying an additional 301 shares during the last quarter. Country Club Bank lifted its holdings in Honeywell International by 7.5% in the first quarter. Country Club Bank now owns 5,136 shares of the conglomerate’s stock valued at $1,080,000 after buying an additional 359 shares during the period. Finally, Gateway Wealth Partners LLC boosted its position in Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate’s stock valued at $433,000 after acquiring an additional 49 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HON shares. JPMorgan Chase & Co. lifted their target price on Honeywell International from $212.00 to $218.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Rothschild & Co Redburn cut their target price on shares of Honeywell International from $240.00 to $222.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Honeywell International in a report on Wednesday, October 8th. TD Cowen dropped their price objective on shares of Honeywell International from $260.00 to $250.00 in a report on Tuesday, October 7th. Finally, Robert W. Baird reduced their target price on Honeywell International from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $249.63.

Honeywell International Trading Down 0.9%

Shares of Honeywell International stock opened at $194.07 on Friday. The stock has a fifty day simple moving average of $208.63 and a 200 day simple moving average of $218.18. The company has a market capitalization of $123.21 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. Honeywell International had a net margin of 15.07% and a return on equity of 38.11%. The business had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $1.19 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th. Honeywell International’s dividend payout ratio is currently 50.16%.

Insider Activity at Honeywell International

In related news, CEO Lucian Boldea sold 42,149 shares of Honeywell International stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total transaction of $9,339,375.42. Following the sale, the chief executive officer directly owned 10,334 shares in the company, valued at approximately $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.